5 Best Long-term Growth Stocks for Strong Returns

3. Meta Platforms, Inc. (NASDAQ:META)

Number of Hedge Fund Holders: 194

Meta Platforms, Inc. (NASDAQ:META) is a social media giant that could potentially benefit from the growth of the metaverse which the company has invested tens of billions on in the last few years. In addition, Meta Platforms, Inc. (NASDAQ:META) could benefit from the secular growth of AI given the company’s substantial investments in that sector and its billions of monthly active users that the company could offer AI services to. In the near term, Meta Platforms, Inc. (NASDAQ:META) is reportedly planning to layoff thousands more of its employees to cut costs.